[ad_1]
Dividend stocks: Shares of some companies, including Wipro Limited, Angel One and Mastech, are set to trade ex-dividend next week from Tuesday, January 23. Other companies have announced splits, while others are trading ex-dividend. I will buy back the stock next week.
The ex-dividend date is the date on which the stock price is adjusted to reflect the next dividend payment. This is the date on which the stock goes ex-dividend, meaning that the value will not be carried over to the next dividend payment after that date. Dividends are paid to all shareholders whose names appear in the company’s register by the end of the record date.
Here are the stocks that announced dividends in the coming week:
Angel One Co., Ltd.: The company announced an interim dividend INR12.7. The stock will trade ex-dividend on January 23rd.
MAS Financial Services Co., Ltd.: The company announced an interim dividend. INR3. The stock trades ex-dividend on January 23rd.
Wipro Corporation: IT major announces interim dividend INR1. The stock trades ex-dividend on January 24th.
IIFL Finance Co., Ltd.: The company announced an interim dividend INR4. The stock trades ex-dividend on January 25th.
KDDL Corporation: The company announced the following dividends INR58. The stock will trade ex-dividend on January 25th.
India Co., Ltd.: The company announced an interim dividend. INR7.5. The stock will trade ex-dividend on January 25th.
MASTEC Co., Ltd.: The company announced an interim dividend INR7. The stock trades ex-dividend on January 25th.
The following stocks have announced stock buybacks within the next week.
Arnold Holdings Co., Ltd. The company will announce a share buyback on January 25th.
A stock buyback is when a company buys back its own shares from existing shareholders. A company can announce a repurchase offer either through a tender offer, through the open market, or from fractional share holders. Repurchase offer prices are typically higher than market prices.
The following stocks have announced stock splits within the next week.
Dolphin Offshore Enterprises (India) Ltd We plan to conduct a stock split from INR10~ INR1. The stock will trade on January 25th after the split.
A stock split is a corporate action that occurs when a company increases its number of shares to increase liquidity. The company issues additional shares to shareholders, increasing the total by a specified percentage based on the shares previously held.
The most common split ratios are 2:1 or 3:1 (sometimes written as 2:1 or 3:1). This means that for every share of stock held before the split, each shareholder will own his two or three shares after the split.
It will continue in the future
Unlock a world of benefits! From insightful newsletters to real-time inventory tracking, breaking news and personalized newsfeeds, it’s all here, just a click away. Log in here!
Get all the business news, market news, breaking news, and latest news on Live Mint. Check out all the latest action on the 2024 Budget here. Download the Mint News app for daily market updates.
Show more Show less
Published: January 20, 2024, 7:53 PM IST
[ad_2]
Source link
